Sensex rises 78 points in early trade

The Bombay Stock Exchange benchmark Sensex rose 78 points in opening trade on Tuesday upon fresh buying by funds and retail investors. Sensex was trading at 17069 up by 86 points when reports last came in. Similarly Nifty of National stocks exchange was up by 31 points at 5098.

Banks free to decide on merger or consolidation: Pranab

Rupee up 8 paisa to 46.48 against USD

The rupee appreciated by 8 paise to 46.48 against the dollar in early trade on Tuesday. Dealers said the weakening of rupee is due to selling of dollars by the exporters. The rupee had ended 28 paise lower at 46.56 on Monday.

Weak dollar surges Oil price in Asia

Oil prices rose in Asian trade on Tuesday as traders capitalized on a weakening US dollar. New York's light sweet crude rose 35 cents to 74.28 dollars a barrel. Brent North Sea crude climbed 57 cents to 77 dollars.

Sensex ends 110pts down

The Bombay Stock Exchange benchmark Sensex on Monday lost over 110 points to close below 17,000-point level on brisk selling due to a steep fall on Dubai bourses, signaling that worries of debt crisis are persisting.Extending the losses for the second day in a row, the Sensex declined by 118.40 poin...

Petroleum ministry may issue oil bonds to meet losses

Petroleum Ministry has sought oil bonds worth Rs. 20,871 crore for state-run fuel retailers to make up for the losses incurred on selling domestic LPG and kerosene below cost during the first three quarters of this fiscal. Ministry of Petroleum and Natural Gas Additional Secretary S Sundareshan said...

Sensex takes down turn; slips 45 pts

The Bombay Stock Exchange Sensex erased early gains in the mid-session today to trade lower by over 45.30 points on profit selling in heavy-weight stocks in the metal sector. The Sensex, which opened nearly 75 points higher, fell back to record a loss top trade at 17060.80 at 1340 hrs with metal com...

Banks free to decide on merger or consolodation: Pranab

India-Africa becoming partner in oil & natural gas

India is seeking a robust partnership with Africa in the oil and natural gas sector. Delivering the key note address at the second Africa-India hydrocarbon summit in New Delhi today, the Union Petroleum and Natural Gas Minister Mr. Murli Deora said that India is a willing partner and ready to contri...

Markets open in Green up by 75 pts

The Bombay Stock Exchange benchmark Sensex today rose by 75 points in opening trade on fresh buying by funds and retail investors. The 30-share index rose to 17,176.6 points. The wide-based National Stock Exchange index Nifty also moved up by 22.40 points to trade higher at 5,131.30 points. IT, auto...